Research by Mordor Intelligence expects the Indonesian freight and logistics market value to reach $383 billion by 2023. A large part of the sector is road freight forwarding which is heavily dependent on trucks. Although truckers play an imperative role in the distribution flow of manufactured products, they have yet to truly benefit from its growth. The sector is still poorly digitized, allowing its current business framework, which lacks transparency, is fragmented, inefficient, and inhibit truckers from optimizing their income potential. Online trucking marketplace, PT Kargo Online System (Kargo), has developed its platform to help address this challenge to enable truckers to improve their livelihoods and to improve the efficiency of road transportation logistics.
Although Kargo is a relatively new player, only starting its operation in the first quarter of 2019, the startup is built by a strong team. One of the cofounders, Tiger Fang, was a general manager for Uber in Western China, before coming to Indonesia in 2017 and leading Uber to scale its operations across the country. Before Uber, he also held key positions at Rocket Internet and Lazada in Thailand and Vietnam. The turning point for Tiger and his team followed Grab’s acquisition of Uber’s Southeast Asia operation in 2018. Despite many opportunities to work at other big companies (including Grab), the team, which consisted of around 150 people then, wanted to do something more entrepreneurial and were motivated to build a startup. Tiger eventually met Yodi Aditya, who has a strong tech background and they co-founded the business. They now lead the company as CEO and CTO, respectively.
Esta historia es de la edición August 2020 de Forbes Indonesia.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición August 2020 de Forbes Indonesia.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
BACK ON TRACK
Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.
Championing Locals
The wave of social commerce is enabling inclusive digital economies beyond urban areas.
Boys in the Bubble
Startups are supposed to specialize, but OPENSEA’s founders thrived by building a wide-open market for creating and trading all manner of NFTs, whether art, music or gaming. Now that they’re centimillionaires and poised to become billionaires, they have other worries: competitors, fraudsters and the next crypto crash.
Enduring Relations
The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.
Sweet Success
Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.
Marathon Man
Across America, scores of municipal pension funds remain scandalously underfunded. But not the pension fund of Tampa’s police and firemen, thanks in large part to JAY BOWEN, whose no-frills approach to stock picking has protected and served them for more than 45 years.
Gold Rallies on Inflation Fears
During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.
Set Off to A New Start
Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.
The Daily Intake
YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.
THE CROESUS OF CRYPTO
FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.
